Scott Horsley
Scott Horsley is NPR's Chief Economics Correspondent. He reports on ups and downs in the national economy as well as fault lines between booming and busting communities.
Horsley spent a decade on the White House beat, covering both the Trump and Obama administrations. Before that, he was a San Diego-based business reporter for NPR, covering fast food, gasoline prices, and the California electricity crunch of 2000. He also reported from the Pentagon during the early phases of the wars in Iraq and Afghanistan.
Before joining NPR in 2001, Horsley worked for NPR Member stations in San Diego and Tampa, as well as commercial radio stations in Boston and Concord, New Hampshire. Horsley began his professional career as a production assistant for NPR's Morning Edition.
Horsley earned a bachelor's degree from Harvard University and an MBA from San Diego State University. He lives in Washington, D.C.
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From inflation, to credit card debt, to who's actually doing the spending: These are key takeaways from this week in economic news.
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Consumer prices in July were up 3.4% from a year ago — a smaller annual increase than in May or June. The news makes it less likely the Fed will feel the need to raise interest rates in September.
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The housing market is stuck in a slump. Sales of existing homes fell by 1.7% last month, even as the average selling price rose. High prices along with rising mortgage rates are putting a squeeze on affordability.
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The U.S. labor market went into reverse last month, as employers cut 23,000 jobs. Job gains for May and June were also revised downward.
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Trump is once again threatening to fire Cook over unproven allegations of mortgage fraud after an earlier effort to remove Cook was struck down by the Supreme Court.
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U.S. employers cut 23,000 jobs in July, and job gains for the two previous months were weaker than initially reported, according to a report Friday from the Labor Department.
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A report from Senate Democrats accuses big banks of failing to report suspicious money transfers made by Jeffrey Epstein until after his arrest in 2019.
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The U.S. economy grew at an annual rate of 1.5% in the spring, according to the Commerce Department. That's a modest slowdown from the previous quarter — but consumer spending picked up steam.
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The Federal Reserve met to set U.S. interest rates, but this time, investors are unsure what to expect with Kevin Warsh, the new Federal Reserve Chairman, at the helm.
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The Federal Reserve left its benchmark interest rate unchanged Wednesday. Fed policymakers say they remain committed to curbing stubborn inflation.